Company profile

Ticker
QMCO
Exchange
Website
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
942665054

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

24 Jun 20
15 Jul 20
31 Mar 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 88.22M 103.32M 105.79M 105.63M
Net income -3.84M 4.75M -2.32M -3.81M
Diluted EPS 0.1
Net profit margin -4.35% 4.60% -2.19% -3.60%
Operating income 2.58M 11.68M 4.2M 2.75M
Net change in cash -1.1M 1.54M -4.81M 16K
Cash on hand 6.44M 7.54M 6M 10.81M
Cost of revenue 52.13M 56.24M 62.27M 59.79M
Annual (USD) Mar 20 Mar 19 Mar 18 Mar 17
Revenue 402.95M 402.68M 437.68M 493.05M
Net income -5.21M -42.8M -43.35M -2.41M
Diluted EPS -1.2 -1.25 -0.07
Net profit margin -1.29% -10.63% -9.90% -0.49%
Operating income 21.2M -4.75M -28.62M 6.68M
Net change in cash -4.35M -75K -2.09M -19.27M
Cash on hand 6.44M 10.79M 10.87M 12.96M
Cost of revenue 230.44M 235.07M 264.9M 287.78M

Financial data from Quantum earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 MacPherson Regan J Common Stock Grant Aquire A No 0 27,500 0 62,500
1 Jul 20 MacPherson Regan J RSU Common Stock Grant Dispose A No 0 13,750 0 0
1 Jul 20 Moorehead Lewis W. Common Stock Grant Aquire A No 0 27,500 0 161,831
1 Jul 20 Moorehead Lewis W. RSU Common Stock Grant Dispose A No 0 13,750 0 0
1 Jul 20 Martella Donald E. Jr. Common Stock Grant Aquire A No 0 32,500 0 83,338
1 Jul 20 Martella Donald E. Jr. RSU Common Stock Grant Dispose A No 0 16,250 0 0
1 Jul 20 Lerner James J Common Stock Grant Aquire A No 0 280,000 0 1,440,000
1 Jul 20 Lerner James J RSU Common Stock Grant Dispose A No 0 160,000 0 0
1 Jul 20 King Elizabeth Common Stock Grant Aquire A No 0 27,500 0 327,500
1 Jul 20 King Elizabeth RSU Common Stock Grant Dispose A No 0 13,750 0 0
43.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 54 4 +1250.0%
Opened positions 50 0 NEW
Closed positions 0 2 EXIT
Increased positions 1 0 NEW
Reduced positions 1 0 NEW
13F shares
Current Prev Q Change
Total value 89.49M 818K +10839.9%
Total shares 17.45M 201.04K +8580.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
RILYZ B. Riley Financial 8.03M $23.69M NEW
TCW 3.26M $9.62M NEW
NEU Neuberger Berman 1.26M $3.71M NEW
Heartland Advisors 750K $2.21M NEW
Portolan Capital Management 627.4K $1.85M NEW
Deep Field Asset Management 477.79K $1.41M NEW
Millennium Management 473.4K $1.4M NEW
Pacific Ridge Capital Partners 314.9K $929K NEW
Manatuck Hill Partners 184.84K $545K NEW
Susquehanna International 176.62K $521K NEW
Largest transactions
Shares Bought/sold Change
RILYZ B. Riley Financial 8.03M +8.03M NEW
TCW 3.26M +3.26M NEW
NEU Neuberger Berman 1.26M +1.26M NEW
Heartland Advisors 750K +750K NEW
Portolan Capital Management 627.4K +627.4K NEW
Deep Field Asset Management 477.79K +477.79K NEW
Millennium Management 473.4K +473.4K NEW
Pacific Ridge Capital Partners 314.9K +314.9K NEW
Manatuck Hill Partners 184.84K +184.84K NEW
Susquehanna International 176.62K +176.62K NEW

Financial report summary

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Risks
  • The recent COVID-19 pandemic could adversely affect our business, results of operations and financial condition.
  • We have significant indebtedness, which imposes upon us debt service obligations, and our term loan and credit facility contains various operating and financial covenants that limit our discretion in the operation of our business. If we are unable to generate sufficient cash flows from operations and overall results of operations to meet these debt obligations or remain in compliance with the covenants, our business, financial condition and results of operations could be materially and adversely affected.
  • We have previously identified deficiencies in our control environment and financial reporting process that resulted in material weaknesses in our internal control over financial reporting and previously concluded that our internal control over financial reporting and our disclosure controls and procedures were not effective as of March 31, 2019. As of March 31, 2020, we remediated these material weaknesses and have concluded that our internal control over financial reporting and our disclosure controls and procedures were effective. However, if we fail to maintain proper and effective internal controls, material misstatements in our financial statements could occur and impair our ability to produce accurate and timely financial statements and could adversely affect investor confidence in our financial reports, which could negatively affect our business.
  • Risks Related to our Business Operations
  • We derive significant revenue from products incorporating tape technology. Our future results of operations depend in part on continued market acceptance and use of products incorporating tape technology; in the past, decreases in the market have materially and adversely impacted our business, financial condition and results of operations. In addition, if we are unable to compete with the introduction of new storage technologies by other companies, our business, financial condition and results of operations could be materially and adversely affected.
  • We may not be entitled to forgiveness of our recently received Paycheck Protection Program loan, and our application for the Paycheck Protection Program loan could in the future be determined to have been impermissible, which could result in the imposition on us of fines and other penalties, or could result in damage to our reputation.
  • We rely on indirect sales channels to market and sell our branded products. Therefore, the loss of or deterioration in our relationship with one or more of our resellers or distributors, or our inability to establish new indirect sales channels to drive growth of our branded revenue, especially for disk backup systems and scale-out tiered storage, could negatively affect our results of operations.
  • If our products fail to meet our or our customers’ specifications for quality and reliability, we may face liability and reputational or financial harm which may adversely impact our results of operations and our competitive position may suffer.
  • A certain percentage of our sales are to a few customers, some of which are also competitors, and these customers generally have no minimum or long-term purchase commitments. The loss of, or a significant reduction in demand from, one or more key customers could materially and adversely affect our business, financial condition and results of operations.
  • Our results of operations depend on continuing and increasing market acceptance of our existing limited number of products and on new product introductions, which may not be successful, in which case our business, financial condition and results of operations may be materially and adversely affected.
  • We continue to face risks related to economic uncertainty and slow economic growth.
  • Competition is intensifying in the data storage and protection market as a result of competitors introducing products based on new technology standards and merger and acquisition activity, which could materially and adversely affect our business, financial condition and results of operations.
  • A significant decline in our media royalty or branded software revenues could materially and adversely affect our business, financial condition and results of operations.
  • Some of our products contain licensed, third-party technology that provides important product functionality and features. The loss or inability to obtain any such license could have a material adverse effect on our business.
  • We have taken considerable steps towards reducing our cost structure. The steps we have taken may not reduce our cost structure to a level appropriate in relation to our future sales and therefore, these cost reductions may be insufficient to achieve profitability.
  • Since May 2018, we have hired almost an entirely new executive team, including a new CEO and new CFO. In addition, prior year restructurings and the events that led to our restatement have resulted in a significant loss of employees. If we are unable to integrate our new executives, as well as retain skilled executives and other employees, our business could be materially and adversely impacted.
  • If we do not successfully manage the changes that we have made and may continue to make to our infrastructure and management, our business could be disrupted, and that could adversely impact our results of operations and financial condition.
  • Third-party intellectual property infringement claims could result in substantial liability and significant costs, and, as a result, our business, financial condition and results of operations may be materially and adversely affected.
  • If we fail to protect our intellectual property or if others use our proprietary technology without authorization, our competitive position may suffer.
  • We license certain of our software under “open source” licenses. Because of the characteristics of open source software licenses, it may be relatively easy for competitors, some of whom have greater resources than we have, to enter our markets and compete with us.
  • Our products may contain "open source" software and failure to comply with the terms of the open source license could have a material adverse effect on our competitive positions and financial results.
  • As a result of our global manufacturing and sales operations, we are subject to a variety of risks related to our business outside of the U.S., any of which could, individually or in the aggregate, have a material adverse effect on our business.
  • Our quarterly results of operations have fluctuated significantly, and past quarterly results of operations should not be used to predict future performance.
  • Our manufacturing, component production and service repair are outsourced to third-party contract manufacturers, component suppliers and service providers. If we cannot obtain products, parts and services from these third parties in a cost effective and timely manner that meets our customers’ expectations, this could materially and adversely impact our business, financial condition and results of operations.
  • Because we may order components from suppliers in advance of receipt of customer orders for our products that include these components, we could face a material inventory risk if we fail to accurately forecast demand for our products or manage production, which could have a material and adverse effect on our results of operations and cash flows.
  • Because we rely heavily on distributors and other resellers to market and sell our products, if one or more distributors were to experience a significant deterioration in its financial condition or its relationship with us, this could disrupt the distribution of our products and reduce our revenue, which could materially and adversely affect our business, financial condition and results of operations.
  • Our stock price has experienced significant volatility in the recent past, and this significant volatility may continue to occur and could cause the trading price of our common stock to
  • Our operation and design processes are subject to safety and environmental regulations which could lead to increased costs, or otherwise adversely affect our business, financial condition and results of operations.
  • We are subject to many laws and regulations, and violation of or changes in those requirements could materially and adversely affect our business.
  • A cybersecurity breach into our products when used by our customers could adversely affect our ability to conduct our business, harm our reputation, expose us to significant liability or otherwise damage our financial results.
  • Our actual or perceived failure to adequately protect personal data could adversely affect our business, financial condition and results of operations.
  • We must maintain appropriate levels of service parts inventories. If we do not have sufficient service parts inventories, we may experience increased levels of customer dissatisfaction. If we hold excessive service parts inventories, we may incur financial losses.
  • From time to time we have made acquisitions. The failure to successfully integrate future acquisitions could harm our business, financial condition and results of operations.
  • If the future outcomes related to the estimates used in recording tax liabilities to various taxing authorities result in higher tax liabilities than estimated, then we would have to record tax charges, which could be material.
  • We are exposed to fluctuations in foreign currency exchange rates, and an adverse change in foreign currency exchange rates relative to our position in such currencies could have a material adverse impact on our business, financial condition and results of operations.
Management Discussion
  • 1 Primary and Secondary storage system revenue has been adjusted for fiscal year 2019 due to certain reclassifications from Primary to Secondary storage systems.
  • In fiscal 2020, product revenue increased $6.5 million, or 3%, as compared to fiscal 2019. Primary storage systems represented $18.3 million of the increase driven by growth across both our Media & Entertainment and government vertical markets. Devices and media increased $3.0 million driven by the resolution of a legal dispute, which had caused a constraint on LTO tape supply between the two principal suppliers in the market. This was offset in part by a $14.9 million decrease in Secondary storage systems due to declines in our legacy enterprise backup business for both branded and OEM products.
  • Service revenue decreased $3.6 million, or 3%, in fiscal 2020 compared to fiscal 2019. This decrease was due to reduced support renewals from our legacy backup customers, partially offset by new customer support agreements and installations.
Content analysis ?
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